Digital Transformation Of Enterprises Research Articles

Digital transformation of enterprises under the pressure of air pollution

ABSTRACT Although the effects of air pollution on economics have been reflected in recent research, very little literature has explored whether enterprises are actively adopting digital transformation under the pressure of air pollution. Considering the serious air pollution in China and the importance of digital transformation, this study uses the panel data of Chinese A-share listed companies and air quality data, from 2014 to 2020, to investigate the impact of air pollution pressure on digital transformation. The results show that air pollution pressure forces enterprises to engage in digital transformation. The conclusion still holds after endogeneity and robustness tests. Further, a mechanism analysis indicates that air pollution pressure affects digital transformation through green cognition, green innovation, and government subsidies. Meanwhile, regional informatization positively moderates the relationship between air pollution pressure and three mechanisms. Finally, a heterogeneity analysis shows that air pollution significantly affects digital transformation in eastern regions, state-owned, capital-intensive, and technology-intensive enterprises.

Can the digital transformation of pharmaceutical enterprises' finance improve healthcare equity?

Using big data, cloud computing, and blockchain technologies, enterprise finance is gradually transitioning towards digital transformation. Academia has already researched the motivations, efficiency improvements, and ethical impacts of the digital transformation of enterprises' finances. However, there is little research from the social equity perspective to explore the impact of enterprise financial digitization transformation on regional social welfare. As important entities for improving residents' health conditions, pharmaceutical enterprises have not fully studied whether their financial digitization transformation can improve the quality and efficiency of healthcare services and enhance regional healthcare equity. Therefore, this study focuses on listed Chinese pharmaceutical enterprises from 2018 to 2022, empirically examining the impact of pharmaceutical enterprises' digital transformation on regional healthcare equity. Using A Hospital in China as a case study, the process of its financial digitization transformation is deeply analyzed. The results show that the financial digitization transformation of pharmaceutical enterprises has a significant positive impact on regional healthcare equity, and it can be further enhanced by improving financial flexibility and increasing data assets. These findings contribute to accurately assessing the social responsibilities of pharmaceutical enterprises and provide new perspectives and evidence for improving regional social welfare levels.

Digital transformation of enterprises empowers the development of new productive forces of enterprises

Based on the data of financial statements of A-share listed companies from 2015 to 2022 and ESG index data of Huazheng Company, this paper empirically analyzes the effect and mechanism of digital transformation on the new quality productive forces of enterprises. The results show that digital transformation can significantly promote the improvement of the new quality productive forces of enterprises, and the results are still valid after dealing with endogenous problems, eliminating special years and changing cluster test. Heterogeneity analysis shows that from the perspective of enterprise nature, the digital transformation of state-owned enterprises and high-tech enterprises has a more significant role in promoting the new quality productive forces of enterprises. The mechanism research shows that digital transformation can promote ESG practice of enterprises, and then promote the improvement of new quality productive forces level of enterprises. Therefore, it is proposed to accelerate the green transformation of enterprise development mode, promote the digital transformation of enterprises and corporate social responsibility governance by institutional supply, and strengthen the empowerment effect of internal governance of digital technology, hoping to provide useful reference for the development of new quality productive forces of enterprises.

Digital Transformation of Enterprises and Corporate Financialization

Digital Transformation of Enterprises and Corporate Financialization

Whether the Pilot Policy of Smart City Promotes the Digital Transformation of Enterprises

Whether the Pilot Policy of Smart City Promotes the Digital Transformation of Enterprises

The Influence of Management Intonation on the Digital Transformation of Enterprises

In recent years, both domestic and foreign theoretical and practical circles have paid more and more attention to the role of non-financial information. As a supplement to financial information, non-financial information has had a broad impact on enterprises and society. This paper uses the text information from the 2009-2022 China A-share listed companies' performance conference to examine the influence of management tone on the digital transformation of enterprises. The study found that a more positive management tone is helpful to improve the level of enterprise digital transformation, indicating that there is a positive correlation between management tone and enterprise digital transformation. In addition, the more positive the management tone of the enterprise, the better the performance of the enterprise. The positive management tone is positively and significantly related to the performance of the enterprise. At the same time, the more colorful the corporate performance, the higher the degree of corporate digital transformation, indicating that there is a positive correlation between corporate performance and corporate digital transformation, which also demonstrates the relationship between management tone and corporate digital transformation again. In addition, this paper also puts forward some policy suggestions on how to promote the digital transformation of enterprises, which provides useful theoretical guidance and practical reference for how to promote the digital transformation of enterprises.

Research on the impact of digital transformation on the high-quality development of enterprises

In recent years, under the background of mass entrepreneurship and innovation, China has vigorously promoted the digital transformation of enterprises. Taking A-share listed companies in Shanghai and Shenzhen Stock exchanges from 2012 to 2022 as samples, this paper empirically tests the relationship between corporate digital transformation and high-quality development of enterprises. At the same time, the internal control of enterprises and the degree of financing constraints play a regulatory role between digital transformation and high-quality development of enterprises; In the samples with different ownership nature and whether they are high-tech enterprises, the effect of enterprise digital transformation on the high-quality development of enterprises is different.

Can regional innovation policies promote corporate digital transformation? Empirical evidence from China’s national innovation demonstration zones

ABSTRACT Using a sample of A-share listed companies in Shanghai and Shenzhen from 2007 to 2022, this study constructs a multi-period difference-in-differences model with the establishment of national innovation demonstration zones (NIDZs) as a quasi-natural experiment to investigate the effect of a regional innovation policy on corporate digital transformation. The study finds that the government’s NIDZ policy has significantly promoted the digital transformation of enterprises. The policy effect is mainly reflected in promoting the application of the underlying digitalization technology. An analysis of the influence mechanism shows that NIDZs promote corporate digital transformation through innovation-driven government support and financing optimization effects. To promote corporate digital transformation and enhance enterprise value, NIDZs require relatively perfect digital infrastructure, a high level of intellectual property protection, non-state-owned enterprises, low management myopia, and manufacturing enterprises. The government can set up NIDZs and actively use regional innovation policies to promote the digital transformation of enterprises, explicitly solving the challenging issues that enterprises face in the transformation process.

The impact of digital transformation on the quality and safety level of agricultural exports: evidence from Chinese listed companies

Enhancing the quality and safety of exported agricultural products and improving export competitiveness is the key to establishing enhanced competitive advantages in agricultural products, developing a trade powerhouse and realising high-quality development of agriculture. This paper uses the data of Chinese listed companies and Chinese Customs from 2007 to 2016 to discuss the effect and mechanism of digital transformation of enterprises on the quality and safety level of export agricultural products by using the staggered differential method. The study shows that (1) Enterprise digital transformation effectively improves the quality and safety of exported agricultural products, and this result holds after endogeneity, placebo and multiple robustness tests; (2) Heterogeneity analyses reveal that the quality and safety effect of enterprise digital transformation is greater for exporting to developed countries’ markets, non-state-owned enterprises and enterprises in the eastern region, in addition to bulk agricultural products and consumer-oriented agricultural products; (3) Mechanism analyses shows that enterprise digital transformation raises the quality and safety of exported agricultural products through technological innovation, product tracing, information sharing and quality assurance effects.

Monetary policy, corporate credit and digital transformation

This paper investigates whether monetary policy and digital transformation of enterprises can increase corporate credit, using Chinese A-share listed companies in Shanghai and Shenzhen from 2014 to 2021. The results show that loose monetary policy can significantly increase corporate credit, while the higher the degree of enterprise digital transformation, the less favorable loose monetary policy is to increase corporate credit. Meanwhile, the heterogeneity analysis finds that the higher the degree of digital transformation of non-state-owned enterprises relative to state-owned enterprises, the more unfavorable loose monetary policy is in increasing corporate credit. The enterprise liquidity ratio is larger, the asset-liability ratio is smaller, and the size is moderate, the digital transformation of enterprises is more conducive to increasing corporate credit.

Digital Transformation, Absorptive Capacity and Enterprise ESG Performance: A Case Study of Strategic Emerging Industries

Digital transformation provides new drivers for economic performance growth in enterprises, but can it further improve ESG performance and support sustainable development? Based on the perspective of resources and capabilities, this article uses the relevant data of 1588 listed companies in strategic emerging industries from 2011 to 2021 to study the impact of digital transformation on enterprise ESG performance examines the intermediary role of absorptive capacity and the moderating role of regional digitalization level, and further analyzes the heterogeneity of property rights and industrial nature. The research results indicate that: firstly, digital transformation of enterprises can positively promote the improvement of ESG performance; secondly, absorptive capacity serves as a conduit through which digital transformation influences a company’s ESG performance; thirdly, the regional digitalization level positively moderates the promotion effect of digital transformation on enterprise ESG performance; fourthly, the impact of digital transformation on ESG performance of enterprises is significantly differentiated in the nature of enterprise property rights and industrial nature, and the ESG performance of state-owned enterprises and high-end equipment manufacturing enterprises is more sensitive to digital transformation. The research conclusion is based on a digital perspective, providing relevant insights for improving the ESG performance of strategic emerging industry enterprises and expanding their ESG development paths.

Does digital transformation promote local-neighborhood green technology innovation?－based on the panel data of Chinese a-share listed companies from 2011 to 2021

As China's economy continues to grow rapidly, the importance of green and sustainable development is increasingly prominent. In this context, enterprises have undergone significant changes in all aspects of the value creation process. Based on the data of Chinese a-share listed companies from 2011 to 2021, this paper links the digital transformation of enterprises with the green technology innovation of enterprises. The focuses on the relationship between the enterprises' digital transformation and the enterprises' green innovation and its Local-neighborhood effect. Research shows that the digital transformation of enterprises will promote the enterprise green technology innovation, and this relationship will have a Local-neighborhood effect in different regions, and this spatial spillover effect is mainly achieved through the transfer of high-tech industries between regions. The results of heterogeneity test show that the effect of green technology innovation is the strongest in Beijing-Tianjin-Hebei economic circle, and the weakest in Pearl River Delta economic circle. Based on the spatial econometric model, this paper provides empirical evidence for the government and the state to formulate the regional development strategy of enterprises' digital transformation and green innovation.

Directors' and Officers' Liability Insurance and the Digital Transformation of Enterprises: Based on the Empirical Evidence of Listed Companies in China from 2011 to 2021

Amidst the wave of the digital economy, numerous enterprises have commenced the process of digital transformation to address market challenges and fluctuations, as well as to pursue sustainable growth. Directors' and officers' liability insurance (D&O insurance), being an essential instrument of corporate governance, necessitates an empirical investigation to unravel its influence on enterprises' digital transformation. This study selects Shanghai-Shenzhen A-share listed companies from 2011 to 2021 as research subjects to examine the impact of D&O insurance procurement on enterprises' digital transformation and its underlying mechanisms. The findings reveal that the procurement of D&O insurance significantly fosters the progress of enterprise digital transformation, and this conclusion remains robust after employing a series of robustness tests, including the instrumental variable method and DIGT. The mechanism analysis indicates that by elevating the risk-bearing capacity of enterprise managers, the management efficiency of enterprises can be enhanced, thereby motivating supervisory executives to augment the quality of internal control and facilitate the digital transformation of enterprises. Further examination discloses that executive equity incentives and executive responsibility insurance possess complementary effects in promoting enterprise digital transformation, making the subscription of executive responsibility insurance a pivotal factor in enhancing the effectiveness of enterprise digital transformation and fostering high-quality economic development.

Mystery of special government subsidies: How does digital transformation promote enterprise innovation and development?

The digital transformation of enterprises has become an important driving force in promoting the high-quality development of China's economy and in-depth implementation of an innovation-driven development strategy. To this end, this study uses the panel data of China's A-share listed enterprises from 2010 to 2019 to explore the relationship among enterprise digital transformation, government subsidies, and innovation. Results indicated that digital transformation can significantly stimulate enterprise innovation. The impact mechanism test shows that the digital transformation of enterprises can increase their R&D expenditure and alleviate their financing constraints, thereby jointly promoting enterprise innovation in terms of innovation resources and financing resources. Furthermore, heterogeneity analysis indicates that digital transformation has a greater incentive effect on private enterprises, non-technology enterprises, service industries, and growth stage enterprises. By introducing special financial subsidies for digital transformation, special financial subsidies for digital transformation are shown to have a positive impact on the sensitivity of digital transformation and enterprise innovation. This effect is also played out through innovation spending and corporate finance, and the role of long-term financing is greater than that of short-term financing. Therefore, the role of digital transformation in promoting enterprise innovation must be actively played to achieve a high-quality development of the regional economy.

Modern approaches to the formation of systems for evaluating the level of enterprises digitization

The article examines the essence of the concept of digital transformation of enterprises, which includes the introduction of digital technologies into the enterprise's business processes, management processes, and communication processes. The available approaches to assessing the level of digital transformation of enterprises, which is a necessary tool for further development strategy, were analyzed. It was determined that existing studies and scientific publications on the formation of systems for evaluating the level of digital development need some refinement, taking into account the specifics of the enterprises to which they are applied. A unique approach to forming an assessment of the level of digital transformation of aviation enterprises was proposed, according to which it is proposed to apply an integral assessment that takes into account indices of digital activity, maturity and interaction. The advantage of this approach is taking into account the specific processes inherent in aviation industry enterprises and forming a tool that allows you to assess the possibility of functioning of various aviation market subjects in a single information field. Special attention was paid to the method of calculating indicators that are part of the indices of digital activity, maturity and interaction. Thus, the assessment of the level of digital transformation of aviation enterprises will allow in the future to develop a joint strategy for the formation of a digital space in which the subjects of the aviation market will function.

Digital Transformation of Enterprises, Financing Constraints and Enterprise Innovation

Digital Transformation of Enterprises, Financing Constraints and Enterprise Innovation

CLASSIFICATION OF DIGITALIZATION OF PRODUCTION AND BUSINESS PROCESSES

The digital transformation of enterprises is impossible without the digitalization of their business processes. A business process is a chain of actions that leads to the creation of a product or the provision of a service. It is the basis of any enterprise. In order to develop scientific knowledge about business processes, it is necessary to constantly analyze information, group it or systematize it into a single whole. This will improve the performance of enterprises and successfully carry out digitalization in every industry, including the agro-industrial complex. The article proposes a classification of digitalization of production and business processes by areas of implementation and types of process optimization. In particular, the types of production process optimization are considered in the agro-industrial complex. The main results are that for the first time a classification of digitalization of production and business processes, including in the agro-industrial complex, has been developed. To form the classification, the scientific works and textbooks of scientists in the field of business process digitalization management were used. Digitalization enables small companies to create new products and bring them to market quickly. It allows to transform business, create completely new forms of entrepreneurship, modernize the entire society, and move to its digital form. In order to make a management decision on the digitalization of business processes, it is necessary to analyze the existing business processes of an enterprise. The introduction of digitalization at enterprises improves business processes that increase the competitiveness of products. The transition of agricultural enterprises to e-agriculture can be ensured by the use of modern digital technologies, such as computers, servers, websites that allow the transfer and receipt of information on the agricultural sector and markets for agricultural products, raw materials, etc. The classification makes it possible to delineate production processes and constantly improve them, because a business process is a sequence of actions that result in the creation of a new product, service or analysis of employee performance.

RESEARCH ON THE STRATEGIC CONSENSUS OF EMPLOYEES IN THE PROCESS OF ENTERPRISE DIGITAL TRANSFORMATION (THE CASE OF “XDF DONG YUHUI ESSAY INCIDENT”)

In contemporary enterprise development, digital transformation is an important trend. Its success depends not only on technical capabilities, but also on the support of organizations and teams. Employee strategic consensus, as an important dimension of corporate strategy execution, plays a decisive role in the smooth advancement of digital transformation. On the basis of reviewing the development history of the concept of strategic consensus, this article focuses on exploring the mechanism of employee strategic consensus in the digital transformation of enterprises. The article analyzes the potential negative impact of a lack of strategic consensus among employees, using the "New Oriental Dong Yuhui Essay Incident" as an example. Research shows that employee strategic consensus helps accelerate decision-making and execution, improve adaptability to change, promote innovation and collaboration, and improve employee satisfaction and loyalty. Enterprises can effectively establish and maintain strategic consensus among employees by strengthening strategic communication, promoting broad participation, establishing incentive mechanisms, and conducting in-depth research on feedback, thereby promoting the realization of digital transformation goals. As digital transformation has a profound impact on enterprises' internal structure and culture, employee strategic consensus will continue to be a key issue in corporate strategic management and organizational performance improvement.

Digital Transformation and Performance of Enterprises

Under the macro background of digital China construction, it is of great practical significance to explore how enterprises can achieve the improvement of ESG performance through effective digital transformation based on the perspective of managers' learning theory. This paper takes China's A-share listed companies in 2009- -2021 as A research sample to empirically test the impact of digital transformation on the ESG performance of enterprises. The study found that the digital transformation of enterprises has significantly promoted the fulfillment of ESG responsibilities. The results of the mechanism of action show that the digital transformation of enterprises is through improving the management Sense perception and decision-making, thereby improving ESG performance. Further research based on the heterogeneity of management characteristics shows that the shadow of digital transformation on the ESG performance of enterprises is more significant among male CEOs, executives without academic background, no financial background and low management shareholding ratio. The research not only improves the learning theory of managers, but also provides empirical evidence for digital transformation to affect enterprise behavior, and provides new ideas for encouraging and guiding enterprises to fulfill ESG responsibilities.

Study on the Impact of Digital Transformation on Green Total Factor Productivity

This paper discusses the theoretical application mechanism of digital transformation to total factor productivity from the direct and indirect effects, and constructs enterprise digital transformation indicators based on the data of A-share listed companies from 2010 to 2022 for empirical analysis. The findings are as follows: First, enterprise digital transformation significantly promotes the increase of total factor productivity, and this conclusion passes multiple robustness tests. Secondly, the digital transformation of enterprises mainly enables the improvement of total factor productivity through direct effects and indirect effects of reducing internal control costs and external transaction costs. Finally, the empowering effect of enterprise digital transformation on total factor productivity is more obvious in service industries, technology-intensive, capital-intensive, competitive industries, large-scale enterprises, and emerging enterprises.